Steel Rises on Strong Demand Signals in Commodity News 17/04/2026 Steel rebar futures climbed above CNY 3,090 per ton, reaching a near two-week high as signs of firm seasonal demand and restocking by end users lifted prices. The strength in demand prompted China Steel Corp., the country’s largest steelmaker, to raise domestic prices for next month by NT$1,000 to NT$1,200 per ton, marking its fifth consecutive monthly increase. The outlook was further supported by projections from the World Steel Association, which expects global steel demand to grow 0.3% this year to 1.724 billion tons and rise 2.2% next year to 1.762 billion tons, pointing to a gradual recovery in the sector. An improving geopolitical backdrop also buoyed sentiment, with reports indicating Washington and Tehran are considering extending their two-week ceasefire to allow more time for negotiations. The conflict has disrupted trade flows, reducing metals shipments to the Gulf, a region that was China’s second-largest steel export destination last year. Source: Trading Economics 2026-04-17 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share